Crypto AM shines its spotlight on Novum Insights August 11, 2020 Staying ahead of the trends in these times of ever-accelerating technology change provides real opportunity but has also never been more challenging. The blockchain and crypto markets are some of the best placed to ride this wave. This is because the real-time data from these markets is being created by networks, which were specifically designed [...]
Back to Business: Jack and Charlie Stein on coming together as a family amid the corona crisis August 8, 2020 We talk to top chefs and restaurateurs about how they are dealing with the strange ‘new normal’. Rick Stein restaurants’ Jack and Charlie Stein talk about the relief of seeing cutsomers again and why the industry needs to go back to basics. Who are you and what do you do? Jack Stein: I’m chef director [...]
The return to work: Here’s when City firms are going back to the office August 7, 2020 Prime Minister Boris Johnson on Thursday said a strong recovery for the UK economy will require people to have the confidence to return to work at the office. The government is worried that hospitality businesses are being hit hard by people working from home. But London firms have adopted a more cautious approach than the [...]
Aviva vows to reduce focus on Asia and Europe as profit slumps August 6, 2020 Aviva today vowed to reduce its focus on Asia and Europe, after profit in the first six months of 2020 fell 30 per cent. The figures Profit before tax dropped 30 per cent year on year to £1.08bn in the six months to 30 June down from £1.52bn in the same period last year. Basic [...]
Crypto AM shines its spotlight on Ziglu August 5, 2020 With Ziglu, users can instantly and effortlessly exchange their money into digital currencies, at competitive prices and monitor their balances in real-time. This is just the start, soon our customers will be able to make peer-to-peer payments in both fiat and digital currencies with fuller challenger features a short hop away For the 99% not [...]
Furlough schemes are failing to save UK businesses, body warns August 5, 2020 Chancellor Rishi Sunak’s bumper spending plan to save British jobs has failed to help companies avoid an unemployment crunch as furlough support ends, businesses have warned. More than half of UK businesses surveyed by the British Chambers of Commerce (BCC) said their cashflow had fallen in June, while 42 per cent also said sales had [...]
Insurer Hastings’ shares surge as it agrees to £1.66bn takeover August 5, 2020 Insurer Hastings’ share price surged this morning after agreeing a £1.66bn takeover by Finland’s Sampo and South Africa’s Rand Merchant Investment. The cash offer will hand Hastings investors 250p per share as well as an interim dividend of 4.5p per share. That sent Hastings’ shares soaring 17 per cent higher to 253p in early trading. [...]
Legal & General profit slumps two-thirds amid ‘unprecedented’ pandemic August 5, 2020 Legal & General’s (L&G) profit for the six months to June slumped two-thirds as the insurance giant cited the “unprecedented impact” of the pandemic on its balance sheet. The results Profit after tax plunged 67 per cent to £290m, down from £874m year on year. Operating profit sank six per cent to £946m, down from [...]
AIG racks up $730m loss amid ‘ongoing catastrophe’ of pandemic August 4, 2020 Insurance giant American International Group (AIG) has piled up $730m (£558.7m) in coronavirus-related losses during the first half of 2020, its chief executive said today. AIG chief executive Brian Duperreault warned of the “formidable and ongoing catastrophe” of the pandemic, as he ran through the insurer’s results in a call with analysts. The firm, which [...]
AA attracts rival bids from private equity firms August 4, 2020 Driving association the AA confirmed this morning that it is in talks with three private equity firms over a potential sale. Centerbridge Partners Europe an Towerbrook Capital Partners, acting jointly, have approached the firm. Platinum Equity Advisors and Warburg Pincus have separately approached AA with possible cash offers for the company. “The potential offerors have [...]